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MetLife’s ‘too big to fail’ tag is ‘arbitrary, capricious’: U.S. judge

By Lisa Lambert WASHINGTON (Reuters) – Federal regulators' decision to designate insurer MetLife Inc as “too big to fail” was “arbitrary and capricious,” the U.S. judge who struck down the determination last month wrote in an opinion that was unsealed on Thursday. The U.S. government plans to appeal the court decision, a Treasury spokesman said in a statement late... [Read more]

Asian shares fall, while Japan’s gain as brakes applied to strong yen

SINGAPORE/TOKYO (Reuters) – Most Asian shares fell to three-week lows on Friday, but Japan bucked the trend after its finance minister pledged to guard against strong moves in the yen in either direction. While that led to a slight retreat in the yen from a 17-month high against the dollar, the Japanese currency is The rest is here: Asian shares fall, while Japan’s gain as brakes applied... [Read more]

Glencore sells agri unit stake for $2.5 billion to Canadian pension fund

Commodity miner and trader Glencore has agreed to sell 40 percent of its agricultural unit to Canada's state pension fund for $2.5 billion, the company's latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole at close to the initially expected $10 billion, including $0.6 billion in debt and $2.5 billion... [Read more]

Britain says government contracts must consider local steel firms

Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry. The government is looking for ways to support domestic steel producers after India's Tata Steel put its British plants… Originally posted here: Britain says government contracts... [Read more]

Greece demands IMF explanation over leaked debt transcript

By Lefteris Papadimas ATHENS (Reuters) – Greece demanded an explanation from the International Monetary Fund on Saturday after an apparent leaked transcript suggested the IMF may threaten to pull out of the country's bailout as a tactic to force European lenders to more offer debt relief. EU/IMF lenders will resume talks in Athens on Greece's… More: Greece demands IMF explanation... [Read more]

BlackRock planning to cut 400 jobs: source

A BlackRock spokesman declined comment. BlackRock hired about 800 people in 2015. Of the top 10 U.S. companies by mutual fund and exchange-traded fund assets, all but one – Vanguard Group Inc – saw those assets decline over the one-year period through February, according to Lipper, More here: BlackRock planning to cut 400 jobs: source  Read More →

U.S. succeeds in cracking Apple’s iPhone, drops legal action

The U.S. Justice Department said on Monday it had succeeded in unlocking an iPhone used by one of the San Bernardino shooters and dropped its legal case against Apple, ending a high-stakes legal battle but leaving the broader struggle over encryption unresolved. The abrupt end to a confrontation that had transfixed the tech industry was a victory for Apple, which vehemently opposed a court order obtained... [Read more]

Bernie Sanders’ bizarre bird encounter inspires new ‘Birdie Sanders’ memes

During a rally in Portland, Oregon, a bird perches on US presidential candidate Bernie Sanders' podium and the crowd goes wild. People on Twitter rebrand the moment with meme tweets. Get it? Tweets? Here is the original post: Bernie Sanders’ bizarre bird encounter inspires new ‘Birdie Sanders’ memes  Read More →

How to Master the Art of the First Impression

Amy Cuddy, a psychologist at the Harvard Business School, has been studying first impressions for more than a decade. She and her colleagues found that we make snap judgments about other people that answer two primary questions:Can I trust this person?Can I respect this person's capabilities?According to Cuddy's research, 80% to 90% of a first… Original post:  How to Master the Art... [Read more]

Gilead ordered to pay Merck $200 million in hepatitis C drug patent dispute

SAN JOSE, Calif.,/NEW YORK (Reuters) – A federal jury on Thursday ordered Gilead Sciences Inc to pay Merck & Co $200 million in damages for infringing two Merck patents related to a lucrative cure for hepatitis C. The damages award is far less than the $2 billion Merck had demanded. On Tuesday, the same jury in San Jose, California, upheld the validity of the patents, which Here is the... [Read more]

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